Thursday, January 3, 2013

2013 BAH rates for Fort Knox Kentucky are out and overall they are better than 2012 but the change is not as great. Soldiers with dependents saw an average increase of 2.965%. while those without dependents saw 2.877%. E4 and below got a nice increase last year and saw the largest increase (6.3%) on the enlisted side this year.

Many soldiers realize the important financial benefits BAH offers. They choose to put that money to work by letting it pay their mortgage and build valuable equity. With mortgage interest rates around 3%, it's not difficult to see that buying, for example, one of the homes for sale in Elizabethtown KY is a wise investment. Many people are also discovering that buying is cheaper than renting.

Military home buyers always find it interesting to see how BAH rates have changed over the years at Fort Knox. We have BAH rate history for every rank since 1998. For example, an E8 with dependents receives $1,446 for housing in 2013 but only received $625 in 1998.